June 27, 2022

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Epicurean computer & technology

Accenture Acquires Advocate, Expanding Technology Business Management Capabilities


NORCROSS, Ga., June 06, 2022–(BUSINESS WIRE)–Accenture (NYSE: ACN) has obtained Advocate Networks, LLC, a leading technological know-how consultancy and managed providers supplier of Technology Business Management (TBM) methods that help organizations produce business price, attain charge discounts and modernize their technology platforms. Terms of the transaction were not disclosed.

This push launch functions multimedia. See the comprehensive release listed here: https://www.businesswire.com/information/home/20220602005179/en/

Accenture obtained Advocate Networks, know-how consultancy and managed services company of Engineering Business Management methods. (Image: Business Wire)

Headquartered in Norcross, Ga, Advocate’s group of extra than 85 professionals is signing up for Accenture’s Technological innovation Tactic & Advisory follow, bringing abilities for helping consumers determine, architect and evaluate benefit from their digital and cloud transformations. Advocate has deep engineering skills and a complete suite of solutions that help businesses align technological innovation investments with business targets and uncover personal savings to reinvest in initiatives that push progress and transformation.

“Organizations expect their know-how investments to gasoline innovation and change business functions and are ever more adopting TBM rules to optimize invest and provide and display instant strategic business price,” explained Keith Boone, Accenture’s North America Technological innovation Method & Advisory direct. “With the highly effective mixture of Accenture and Advocate, we will offer a multitude of business-top sources and capabilities to enable our clients measure the worth of technological know-how initiatives in a apparent, quantifiable manner.”

Advocate’s comprehensive suite of TBM expert services, from strategic advisory to TBM-as-a-service (TBMaaS), complement Accenture’s cloud and electronic transformation services and finish-to-finish capabilities for TBM and FinOps. Advocate also provides accelerators for marketplace-primary instruments and dashboards for IT price administration and services that will boost insights supplied by Accenture’s proprietary belongings, these kinds of as Accenture Momentum, myConcerto, myDiagnostic and myNav, with more TBM analytics.

“For extra than two a long time, Advocate’s organization shoppers have relied on our focused workforce of TBM advisors, industry imagined leaders and technologies specialists to make improvements to performance and uncover financial savings for new investments,” said Tim Intelligent, co-founder and co-CEO of Advocate. “We share Accenture Technological know-how Strategy & Advisory’s reason for supporting purchasers architect and know remarkable business value from technological know-how and are fired up to deliver our put together capabilities to both new and present prospects.”

Accenture’s Know-how Technique & Advisory follow performs with shoppers to define their technological innovation visions and create the necessary roadmaps and execution strategies to make sustainable worth from know-how investments.

About Accenture
Accenture is a global skilled expert services organization with main capabilities in electronic, cloud and safety. Combining unmatched encounter and specialised capabilities across much more than 40 industries, we give Approach and Consulting, Technological innovation and Functions companies and Accenture Song—all run by the world’s largest community of Highly developed Know-how and Intelligent Functions centers. Our 699,000 men and women supply on the assure of technologies and human ingenuity each individual working day, serving purchasers in a lot more than 120 international locations. We embrace the power of improve to create benefit and shared success for our customers, people today, shareholders, partners and communities. Take a look at us at accenture.com.

Ahead-Hunting Statements
Apart from for the historic information and conversations contained herein, statements in this information launch may constitute forward-hunting statements inside of the meaning of the Private Securities Litigation Reform Act of 1995. Words and phrases this sort of as “might,” “will,” “ought to,” “probable,” “anticipates,” “expects,” “intends,” “designs,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and equivalent expressions are employed to establish these forward-searching statements. These statements contain a variety of risks, uncertainties and other aspects that could result in actual results to differ materially from those expressed or implied. A lot of of the following challenges, uncertainties and other variables identified down below may be amplified by the invasion of Ukraine by Russia, the sanctions (which includes their duration), and other steps remaining imposed in response to this conflict, as perfectly as any escalation or growth of financial disruption or the conflict’s existing scope. These challenges include, devoid of limitation, hazards that: the transaction might not achieve the expected benefits for Accenture Accenture’s benefits of operations have been, and may in the upcoming be, adversely affected by volatile, destructive or uncertain economic and political problems and the results of these conditions on the company’s clients’ companies and amounts of business activity Accenture faces legal, reputational and financial threats from any failure to safeguard client and/or organization information from safety incidents or cyberattacks Accenture’s business is dependent on creating and preserving ongoing, rewarding client need for the company’s providers and options like via the adaptation and expansion of its companies and methods in reaction to ongoing changes in technological know-how and offerings, and a sizeable reduction in these kinds of need or an incapacity to reply to the evolving technological environment could materially influence the company’s results of functions if Accenture is not able to match folks and competencies with client demand about the planet and bring in and retain pros with strong leadership skills, the company’s business, the utilization price of the company’s professionals and the company’s benefits of operations could be materially adversely affected the COVID-19 pandemic has impacted Accenture’s business and functions, and the extent to which it will carry on to do so and its effects on the company’s potential financial benefits are unsure the marketplaces in which Accenture operates are remarkably aggressive, and Accenture might not be equipped to contend successfully Accenture’s potential to entice and retain business and workforce may possibly count on its popularity in the marketplace if Accenture does not successfully control and establish its relationships with essential alliance partners or fails to foresee and build new alliances in new systems, the company’s results of operations could be adversely afflicted Accenture’s profitability could materially suffer if the organization is not able to acquire favorable pricing for its expert services and remedies, if the corporation is not able to keep on being aggressive, if its charge-management approaches are unsuccessful or if it experiences delivery inefficiencies or fall short to fulfill certain agreed-on targets or particular company concentrations improvements in Accenture’s amount of taxes, as effectively as audits, investigations and tax proceedings, or improvements in tax legal guidelines or in their interpretation or enforcement, could have a material adverse result on the company’s powerful tax amount, benefits of functions, money flows and monetary affliction Accenture’s outcomes of functions could be materially adversely impacted by fluctuations in overseas currency exchange prices changes to accounting standards or in the estimates and assumptions Accenture can make in relationship with the preparation of its consolidated economic statements could adversely have an impact on its money results Accenture could be unable to entry additional funds on favorable terms or at all and if the organization raises fairness capital, it could dilute its shareholders’ possession interest in the enterprise as a outcome of Accenture’s geographically diverse operations and its growth system to continue to extend in its vital marketplaces all over the globe, the company is extra susceptible to certain pitfalls if Accenture is not able to manage the organizational issues involved with its measurement, the enterprise may possibly be unable to reach its business objectives Accenture could not be successful at getting, investing in or integrating companies, moving into into joint ventures or divesting enterprises Accenture’s business could be materially adversely impacted if the firm incurs authorized legal responsibility Accenture’s global operations expose the firm to many and often conflicting legal and regulatory prerequisites Accenture’s do the job with authorities consumers exposes the business to supplemental hazards inherent in the federal government contracting setting if Accenture is not able to defend or enforce its mental assets rights or if Accenture’s providers or solutions infringe upon the intellectual residence rights of others or the corporation loses its skill to benefit from the intellectual property of other folks, its business could be adversely impacted Accenture’s success of functions and share value could be adversely affected if it is unable to manage effective interior controls Accenture might be issue to criticism and destructive publicity relevant to its incorporation in Ireland as effectively as the pitfalls, uncertainties and other aspects talked about beneath the “Risk Aspects” heading in Accenture plc’s most the latest Once-a-year Report on Kind 10-K and other paperwork filed with or furnished to the Securities and Exchange Commission. Statements in this news release discuss only as of the day they have been designed, and Accenture undertakes no obligation to update any ahead-on the lookout statements made in this news release or to conform these kinds of statements to genuine success or adjustments in Accenture’s expectations.

Copyright © 2022 Accenture. All legal rights reserved. Accenture and its brand are trademarks of Accenture.

View resource variation on businesswire.com: https://www.businesswire.com/news/property/20220602005179/en/

Contacts

Maggie Nolan
Accenture
+1 917 852 3694
[email protected]



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